📊Executive Summary

The EU is reassessing its microchip supply strategy after recognizing its dependence on the U.S. and China, particularly highlighted by issues with Nexperia, a key supplier for European automakers. The Dutch government's intervention in Nexperia due to technology leakage concerns and subsequent export controls have prompted the EU to accelerate its chipmaking review. The initial EU plan aimed to increase the region's market share from 9% to 20% by 2030 but has seen little progress. The article emphasizes the need for a revised strategy that addresses geopolitical realities and the importance of basic microchips for various industries, especially automotive....